The Diverse Benefits and Challenges

Question: What is MPA? What does MPA do. Answer: Introduction: This unit is designed to aid the learners in identifying the diverse benefits and challenges faced by the global organizations, manufacturers and the retailers in promoting the supply chain strategies . Learners will be benefitted as they would learn, how firm can gain the competitive advantage by reducing the costs, by collaborating with the suppliers and by utilizing time management and risk management techniques. Lastly the learners will be able to identify the role of SCM, in providing competitive advantage through Performance Measurement,Forecasting, Lean and Agile Supply Chain, Six Sigma and TQM and Quality Management in Supply. MPA is referred as the maritime and port authority of Singaporeformed under the jurisdiction of Singapore government on 2nd February ,1996. Its main aim is to establish premier global hub port and IMC in Singapore . It also aims at safeguarding Singapores strategic maritime interest. Key Performance Indicators of MPA: What are the 3 KPIs of MPA Efficiency, Sustainability, Speed There are basically three key performance indicators of MPA, they are efficiency, sustainability and speed. Sustainability: sustainability is one of the vital key performance indicators, which aids in measuring and monitoring the performance of the organization, by considering social, economic and environmental aspects of sustainability. Speed: It measures the speed at which the raw materials are converted in to finished goods. Apart from it also consider the speed of transportation of goods. Efficiency: It is a vital key performance indicator, which measures the efficiency in the management of the diverse resources of the organization. What is leagility, How can it help to achieve the KPIs of MPA, what are the limitations of leagility? Leaagility is the combined strategy, which promotes the lean and agile thinking in an organization. As it is a vital tool, which helps in effective transformation reforms through leadership and by controlling the market forces and value added services.Due to which MPA can achieve sustainability and efficiency in its supply chain management. It is difficult for small and medium size businesses to promote this strategy Tools Identified TQM, What is TQM, how can it help to achieve the KPIs of MPA, what are the limitation of TQM Total quality management helps the firm in maintaining the quality goods and services produced by developing standards. It will help MPA, in achieving speed, Sustainability in the manufacturing of the goods and services. The main limitation of TQM is that is depends upon the feedbacks and if such feedbacks are not reliable , then it becomes difficult, to maintain the standard quality of goods and services produced by the firm. Which tool is better? Leagility or TQM? Total quality management is better tool then leagility Conclusion: As it is said Every coin has two sides, in the same way there are opportunities and threats involved in promoting the supply chain management strategies. Firms and organizations can avoid such threats with the use of latest technologies such as supply chain soft wares, 3d printing, internet facilities etc. It is also required by the firm to take several precautionary measures, to reduce the vulnerability in managing risks of supply chain activities.Supplychain management not only upsurge the revenues of the firm but it also aids the firms in gaining the competitive advantage. References Sajjad, A., Eweje, G., Tappin, D. (2015). Sustainable Supply Chain Management: Motivators and Barriers. Business Strategy And The Environment, 24(7), 643-655. Dubey, R. Gunasekaran, A. (2015). Supply chain talent: the missing link in supply chain strategy. Industrial And Commercial Training, 47(5), 257-264. Mensah, P., Merkuryev, Y., Longo, F. (2015).Using ICT in Developing a Resilient Supply Chain Strategy.Procedia Computer Science, 43, 101-108. Special Topic Forum on Supply Chain Management in Emerging Markets: Critical Research Issues. (2013). J Supply Chain Manag, 49(2), 138-138. Routroy, S. (2009). Evaluation of supply chain strategies: a case study. IJBPSCM, 1(4), 290. Xin, W. (2015).Application of Grey System Theory in the Enterprise Supply Chain Collaboration Strategy.International Journal Of Grid And Distributed Computing, 8(4), 233-242. Mensah, P., Merkuryev, Y., Manak, S. (2015). Developing a Resilient Supply Chain Strategy by Exploiting ICT.Procedia Computer Science, 77, 65-71. Special Topic Forum on Supply Chain Management in Emerging Markets: Critical Research Issues. (2013). J Supply Chain Manag, 49(1), 116-116. Chen, C. (2015). Supply Chain Strategies and Carbon Intensity: The Roles of Process Leanness, Diversification Strategy, and Outsourcing. J Bus Ethics. Priem, R. Swink, M. (2012).A Demand-side Perspective on Supply Chain Management.J Supply Chain Manag, 48(2), 7-13.